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Bankers Propose Banning Cash to Usher in the Cashless Society and Digital Currency & Taxing Savings to Coerce People into Spending Money to Boost Economy.

A former Bank of England economist has called for a total ban on cash and its replacement with credit accounts controlled directly by governments.

In a column for the London Telegraph, fund manager Jim Leaviss all but advocates economic fascism as a means of enabling authorities to respond to financial crises better by implementing a “cashless society.”

“Forcing everyone to spend only by electronic means from an account held at a government-run bank would give the authorities far better tools to deal with recessions and economic booms,” states the introduction to Leaviss’ article.

If you think that sounds authoritarian enough, it gets worse. Leaviss then suggests that your hard earned money be “monitored, or even directly controlled by the government,” with authorities then working to “encourage us to spend more when the economy slows, or spend less when it is overheating.”

Once wonders what form this ‘encouragement’ will take. A tax on bank deposits? Negative interest on savings? Limits on how much you can spend each month?

That’s precisely what Leaviss advocates when he calls for a “transaction tax” that would penalize people for spending their own money.

Under this system, commercial banks would stop taking any money from depositors, instead relying on central banks to provide all their funds. The black market would also cease to exist.

“If notes and coins were abolished and the only way to hold money was through a government-controlled bank, there would be no escape,” writes Leaviss, who presumably embarked on a fit of demonic cackling after he penned those words.

Read more: Economist: Ban Cash and Force Everyone to Have a Government-Controlled Bank AccountMark Dice is the author of several popular books on secret societies and conspiracies, including The Illuminati: Facts & Fiction, Big Brother: The Orwellian Nightmare Come True, The New World Order, Facts & Fiction, Inside the Illuminati, The Resistance Manifesto, and Illuminati in the Music Industry, which you can order now in paperback from Amazon.com or download the e-books through Kindle, iBooks, Nook, or Google Play.

While much of Mark’s work confirms the existence and continued operation of the Illuminati today, he is also dedicated to debunking conspiracy theories and hoaxes and separating the facts from the fiction; hence the “Facts & Fiction” subtitle for several of his books. He has a bachelor’s degree in communication from California State University.

He enjoys causing trouble for the New World Order, exposing corrupt scumbag politicians, and pointing out Big Brother’s prying eyes. The term “fighting the New World Order” is used by Mark to describe some of his activities, and refers to his and others’ resistance and opposition (The Resistance) to the overall system of political corruption, illegal wars, elite secret societies, mainstream media, Big Brother and privacy issues; as well as various economic and social issues. This Resistance involves self-improvement, self-sufficiency, personal responsibility and spiritual growth.